Q Difference between nominal partner and partner by holding out?
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Nominal partner is a partner who allows the use of his/her name by a firm but does not contribute to its capital. He does not share the profits or losses of the firm.
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Answered by
3
Answer:
Nominal partner is a partner who allows the use of his/her name by a firm but does not contribute to its capital. He does not share the profits or losses of the firm.
Explanation:
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